Plan Snapshot
- Plan Sponsor: Southern Company Services, INC.
- Sponsor EIN: 630274273
- Sponsor Address: 30 IVAN ALLEN JR BLVD NW, ATLANTA, GA, 30308
- Plan Type: 401(k)
- Total Participants: 28,079
- Total Assets: $9.3B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 28,079 | $9.3B | $135.3M | $285.1M |
| 2023 | 27,802 | $8.4B | $129.3M | $272.8M |
| 2022 | 27,549 | $7.8B | $121.8M | $257.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $1,594,946 | — | $1,594,946 |
| WARREN AVERETT LLC | ACCOUNTANT | $32,500 | — | $32,500 |
| WARREN AVERETT | Auditor | $32,500 | — | $32,500 |
| GALLAGHER FIDUCIARY ADVISORS, LLC | CONSULTANT | $30,000 | — | $30,000 |
| MERCER | CONSULTANT | $7,500 | — | $7,500 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WARREN AVERETT LLC — ACCOUNTANT
- WARREN AVERETT — Auditor
- GALLAGHER FIDUCIARY ADVISORS, LLC — CONSULTANT
- MERCER — CONSULTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,697,446
- Estimated Expense Ratio: 0.018% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,665,856 | $38,410 | — | $32,500 | — |
| 2023 | $1,228,611 | — | — | — | — |
| 2022 | $1,339,367 | — | — | — | — |